Can't get a ST7735 display to render properly

The problem

I can't get an ST7735 TFT display (the 1.8" from here) to render properly.

The display is connected to the board as follows:	Display	NodeMCU
VCC	3.3v
GND	GND
CS	D8
RESET	D3
A0	D4
SDA	D7
SCK	D5
LED	3.3v

The screen does seem to be receiving instructions, however, it's not rendering correctly. With the YAML above, I expected to see a circle in the middle with a "Hello world" text on top, however, this is what I get:

What am I missing?

Which version of ESPHome has the issue?

2022.3.1

What type of installation are you using?

Home Assistant Add-on

Which version of Home Assistant has the issue?

2022.7.7

What platform are you using?

ESP8266

Board

nodemcu

Component causing the issue

ST7735

Example YAML snippet

substitutions:
  device_name: testing-board
  id_prefix: testing_board
  friendly_name: "Testing"
  platform: ESP8266
  board: nodemcuv2

ota:
  password: !secret ota_password

wifi:
  ssid: !secret wifi_ssid
  password: !secret wifi_password

captive_portal:

logger:

api:

time:
  - platform: homeassistant
    id: homeassistant_time

esphome:
  name: ${device_name}
  platform: ${platform}
  board: ${board}

font:
  - file: 'fonts/DroidSansMono.ttf'
    id: mono8
    size: 8

spi:
  clk_pin: D5
  mosi_pin: D7

display:
  - platform: st7735
    model: "INITR_REDTAB"  # Also tried INITR_18REDTAB, same results
    reset_pin: D3
    cs_pin: D8
    dc_pin: D4
    rotation: 0
    device_width: 128
    device_height: 160
    col_start: 0
    row_start: 0
    eight_bit_color: true
    update_interval: 5s
    lambda: |-
      // Write some text
      it.print(10, 10, id(mono8), "Hello World!");
      // Draw a circle in the middle of the display
      it.filled_circle(it.get_width() / 2, it.get_height() / 2, 20);

esphome / issues

Can't get a ST7735 display to render properly #3513