Taxis are plentiful and fairly inexpensive. You can get Panorama reception to ring a taxi for you or if you are in Sunset Bay, just walk to the end of the road and there is a large taxi rank, always taxis available.

A Taxi to either Panorama or Sunset Bay should be around 20-25 euros.

Most Taxi's in Tenerife are very nice cars, mostly Mercs.