You need to load the kernel drivers first.
Use these simple script:
echo "dtparam=i2c=on,spi=on
dtoverlay=ads7846,speed=1000000,penirq=17,penirq_pull=2,swapxy=1,xmin=200,xmax=3900,ymin=200,ymax=3900,pmax=255,xohms=60" >> /mnt/mmcblk0p1/config.txt
echo "fbcon=map:10 fbcon=font:ProFont6x11 logo.nologo" >> /mnt/mmcblk0p1/command.txt
echo "modprobe flexfb width=320 height=480 regwidth=16 init=-1,0xb0,0x0,-1,0x11,-2,250,-1,0x3A,0x55,-1,0xC2,0x44,-1,0xC5,0x00,0x00,0x00,0x00,-1,0xE0,0x0F,0x1F,0x1C,0x0C,0x0F,0x08,0x48,0x98,0x37,0x0A,0x13,0x04,0x11,0x0D,0x00,-1,0xE1,0x0F,0x32,0x2E,0x0B,0x0D,0x05,0x47,0x75,0x37,0x06,0x10,0x03,0x24,0x20,0x00,-1,0xE2,0x0F,0x32,0x2E,0x0B,0x0D,0x05,0x47,0x75,0x37,0x06,0x10,0x03,0x24,0x20,0x00,-1,0x36,0x28,-1,0x11,-1,0x29,-3
modprobe fbtft_device debug=3 rotate=90 name=flexfb speed=16000000 gpios=reset:25,dc:24" >> /opt/bootlocal.sh
Backup, reboot and you'll get the shell on the TFT just after the kernel driver is loaded.