  In this paper we present the current crustal deformation model of Tenerife
Island derived from daily CGPS time series processing (2008 to 2015). Our
results include the position time series, a global velocity estimation and the
current crustal deformation on the island in terms of strain tensors. We detect
a measurable subsidence of 1.5 to 2 mm/yr. in the proximities of the
Ca\~nadas-Teide-Pico Viejo (CTPV) complex. These values are higher in the
central part of the complex and could be explained by a lateral spreading of
the elastic lithosphere combined with the effect of the drastic descent of the
water table in the island experienced during recent decades. The results show
that the Anaga massif is stable in both its horizontal and vertical components.
The strain tensor analysis shows a 70 nstrain/yr. E-W compression in the
central complex, perpendicular to the 2004 sismo-volcanic area, and 50
nstrain/yr. SW-NE extension towards the Northeast ridge. The residual velocity
and strain patterns coincide with a decline in volcanic activity since the 2004
unrest.
