Original image

step 1 of 13

step 2 of 13
Hat and ears.
Used warping and resizing selection from step 1.

- : source
step 3 of 13

- 1: source 1
step 4 of 13
step 5 of 13
Used one selection, copy/paste multiple times, resized, warped in position to make each part match into each other.

- 3: source 3
step 6 of 13
step 7 of 13
step 8 of 13
For legs I added a bas relief filter as well to make them look like they've got veins.

- 6: source 6
step 9 of 13
Added a new layer and started paiting on top of it with tones of grey for shadows and highlights.
This is how it looked like before changing the blending mode.

- 7: source 7
step 10 of 13
step 11 of 13
I didn't like the white of ears and the trunk so I colored the white into brown and added some texture from the same selection used for legs. I changed texture blending mode to multiply.

- 9: source 9
step 12 of 13
Added sky backround, blended with first image. Added shadows and highlights to it by desaturating it and changing blending mode to multiply.
Added elephant shadow, using a copy of my elephant and distorting it. Colored it in black, lowered opacity and added gaussian blur.

step 13 of 13
1. 3 gradient adjustment layers with different tones: primarly orange and blue. Different blending modes: hard light, overlay and luminosity and lowered their opacities as I didn't want the effect to be too striking.
2. High pass filter, soft light, opacity 30% for better definition.
3. Gaussian blur, soft light.
4. Added some light yellow soft brush on the right side to simulate light. Blending mode soft light, opacity 83%.
5. Corrected areas using healing brush tool (specially the bottom of feet where there was some white line from initial selection.
6. Burned overall image specially left side to make elephant shadow better blend into the overall shadow.
7. Softened edges using blur tool.

Final result





