Jiyishu
Jiyi + Yishu (Memory + Art)
Zoji
Zo + Ji(yi) (Elephant + Memory, kinda)
Qeffalum. KEF-faa-luhm.
It's basically just 'heffalump' with a 'q' in front and no 'p' XD
Tass.
Chanfa
Quindao
Also, I don't know, I kind of like Phanty McPhantface.
Tulsi is a Hindu goddess that was the called the "Queen of herbs" and it is pretty close to the work "tusk." Plus it's pretty cute. Tulasi or Thulasi are alternative ways to spell it too I believe
Bakushan (Since Baku are dream eaters in mythology) Leusa
My suggestion for the pet species name is Rajan. (From Gajraj - "elephant")
Other suggestions are Vinaka and Ghanati, the latter after "Ganapati", an alternate name for the Hindu elephant deity, Ganesha.

I like Elephabat or Woolaith

Qureshi (common Muslim family name; just like the way it sounds!) Yasumu (in Japanese, yasu means 'peace, quiet, peaceful', mu means 'dream, vision') Zhilan (in Chinese, zhi can mean 'wise, intellect' and lán can mean 'mountain mist') Utembo (since we're lacking an U-named pets, and tembo means 'elephant' in Swahili)
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Bakkuya
Mammathee
Ganaphant
Bindibakku
....I'll think of more later
[img align=center]https://media.tenor.com/Q92pRIuvmwcAAAAM/rolimbox-okarun.gif[/img]
Hoshui ("Hoshi" + "Shuìjiào")
Seoshi ("Seishin" + "Hoshi")
Yinaku ("Yin" + "Baku")
Quorai ("Quo" + "Raion")
Kuoshu ("Kuma" + "Shuìjiào")
Meanings
"Shuìjiào" means "sleep" /chinese/
"Yin" from the chinese symbols: Yin Yang
"Quo" originally "Guo" from Shengui Guo
"Hoshi" means "star" /japanese/
"Seishin" means "spirit" /japanese/
"Raion" means "lion" /japanese/
"Kuma" means "bear" /japanese/
"Baku" japanese supernatural beings that devour dreams and nightmares