Co-authors ignore comments and submit revision anyway
I have had this kind of conflict before, and I believe the issue is much more common than reported. I believe most colleagues in your position would (i) not have offered a different interpretation from that of the PI; (ii) not protest in case others ignored their suggestions. This is generally what was suggested in this thread by "move on".
I however do not agree with this passive approach if you are truly an author involved in the manuscript. I think all co-authors should reach a logical agreement over the results. My suggestions in this case are based on a personal choice based on details I cannot evaluate:
(A) If you believe their interpretation might be right even though you (and reviewers) see facts in a different way, just let them have it their way. "Move on". You can make your different views public later on in a subsequent publication or even post-publication peer review discussion forum. Your career is longer than this study.
(B) If you believe there is an obvious flaw in the PI's thinking that will be ridiculed by your peers after publication, ask to be removed from the authors list of this manuscript. I believe once you make this decision known to the PI there will be a moment of crisis, especially since this person submitted a revised version without your consent. However it will be a lesson for everyone, you will be not doing anything harmful to anyone (your name can be moved to the acks section without major issues prior to final publication), and everyone's career is longer than this discussion.
By now you have probably made your decision, but I hope this answer helps others decide.