I have the same issue.
However, I am not trying run a model converted to python, rather, I am writing a script in Jupyter Notebook. Likewise, I have an advanced license.
All I have in the script so far is:
Import arcpy
arcpy.ExcelToTable_conversion(...
I am noticing that even though I get an error after running arcpy.ExcelToTable_conversion, it still completes the task can create an output.