How to get past No Man's Sky "snake bug"?

I've rebooted the game a few times now and each time I start a save I end up in what I can only describe as a version of snake. It shows a map like screen with symbols spread out, one of which is a spaceship I can move around. It will go down if I press Ⓐ or further any direction if I use the right thumb stick, leaving a trail like the old Microsoft mouse when it crashed. I can hear the sounds of the spaceship and NPCs but I can't see them. Also if I go into the inventory by pressing back, when I come out of that it shows red lines spread over the screen. As I move the red lines gradually disappear by being covered by the trail of the spaceship.

I don't know if this is just part of the game and I'm missing something, but when looking for a fix I couldn't find anything referencing my problem.

Microsoft like trail:

Back button overlay:

Solution 1:

That definitely sounds like a graphics card/graphics driver problem. It seems like the frame buffer isn't properly updating. I've had very similar issues with other graphic-intensive games, and it's always either been faulty hardware, or an outdated driver. If you've recently updated your drivers, consider backing out to a previous working version.