This story is totally true, however it wasn't a violent act in any way, but rather an ongoing joke he had with the guys.
Elvis had an actual TV graveyard in the backyard at Graceland and would often pull out a .357 Magnum from his gun collection and blast at TV sets. It was a joke that ended with the punch line, 'take it to the graveyard.'
It appears Elvis really did like to get people all shook up!
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