Ack!! My eyes! Someone help me!
Or, to put it in other words:
NO.
I know what you mean about Elvis, but his influence was not cultural like the Beatles. Sure, he profoundly affected the young people of his time, but not their clothes, their hairstyles, their politics, their experimentation with new [to them] things, like meditation, psychedelic drugs, vegetarianism, etc. No one went out and got fat on fried peanut butter and banana sandwiches, topped off with a myriad of prescription pills, in a white rhinestone jumpsuit like Elvis, you know?
But everything the Beatles said, sang, and did influenced an entire generation. And continues to influence people today. Sir Paul McCartney has been an outspoken animal rights activist--and people of all ages listen to his reasons and then go vegan/vegetarian, too.
Musically, Elvis didn't have the breadth and scope of influence the Beatles did. Elvis was pretty much Elvis. The Beatles, on the other hand, continually explored and expanded what could be done. Take a later album, like Sgt Pepper, and compare it to one of their first--they're light-years apart! The drug influence alone caused a profound shift in their songs.
Ask someone what Elvis thought of the Vietnam War and you'd probably get a blank stare.
But everyone on earth knew where the Beatles stood.